The adjusted EPS beat and record backlog support the stock, but the revenue decline and GAAP earnings drop introduce caution. Watch for Q2 2026 results to confirm revenue stabilization and growth from the Altamira acquisition.
Price Chart
Executive Summary
PSN reported Q1 2026 adjusted EPS of $0.79, beating consensus of $0.68 by 16.2%, but revenue of $1.491B slightly missed the $1.50B estimate. GAAP EPS fell to $0.49 from $0.60 a year ago, and total revenue declined 4% YoY (8% organic decline), partly due to a confidential contract. The company reiterated its FY2026 guidance and highlighted record backlog ($9.3B) and record adjusted EBITDA margin (10.1%).
Key Financial Metrics
Key Facts
- Adjusted diluted EPS $0.79 vs consensus $0.68 (beat by 16.2%)
- Revenue $1.491B vs consensus $1.50B (miss by 0.6%)
- GAAP diluted EPS $0.49 vs $0.60 a year ago
- Total revenue down 4% YoY, organic revenue down 8%
- Adjusted EBITDA margin expanded 50 bps to record 10.1%
- Record total backlog $9.3B, funded backlog $6.6B
- Book-to-bill ratio 1.4x in both segments
- Reiterated FY2026 guidance: revenue $6.5B-$6.8B, adj. EBITDA $615M-$675M
- Acquisition of Altamira closed during quarter
Financial Impact
Adjusted EPS beat by $0.11, revenue missed by $9M; GAAP net income declined $13M YoY
Risk Factors
- Continued decline on confidential contract could pressure revenue and earnings
- Acquisition integration costs may weigh on near-term margins
- GAAP earnings decline vs prior year may concern value-oriented investors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283561 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $50.71 (+20.45%) |
Sep 29, 2026 28d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $50.71 (+22.05%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $50.71 (−25.77%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $50.71 (−9.53%) |
Jul 7, 2026 16w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $50.71 (−10.22%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $50.71 (−4.61%) |
Jun 16, 2026 19w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $50.71 (−8.89%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $50.71 (−8.61%) |
Jun 9, 2026 20w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $50.71 (−13.33%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $50.71 (−12.31%) |
US Market Status
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